Gus Technology, a Taiwanese battery OEM and custom battery service provider, has announced plans to build an electric vehicle battery manufacturing plant in Indonesia. This move is part of Gus’s strategy to expand its global presence following eight years of growth as a competitive player in the domestic market.
Rumors circulated that the Tata Group was in advanced talks to acquire 51% of Vivo’s assets in India, amid rising pressure from the Indian government against Chinese investors. However, the latest reports suggest that the plan has been put on hold due to opposition from Apple.